Morgan Gatsby is a diversified financial services group based in Dubai. Our capabilities cover Investment Banking, Wealth Management and Corporate Advisory and we serve a wide range of clients, including high net worth individuals, family offices and small to medium sized regional businesses.

We are valued by clients across the Middle East for our full spectrum capital markets offering and for the extensive, global experience of our Board and management team.

We are renowned for building long-standing and successful relationships with our clients and for delivering services that are tailored to their individual needs and requirements.

We understand the importance of integrity in promoting and building sustainable business and personal relationships with all stakeholders, and are committed to generating value for our clients.

Morgan Gatsby is regulated by the Dubai Financial Services Authority (“DFSA”) and is owned by Essel Group ME (“EGME”).

Value Added Tax- Notice of change in the law

Application to our services

VAT will apply to supplies of goods and service from 1st January 2018, even if the contract for the supply of such goods or services was entered into before that date. This means that even though you have existing agreement(s) with us (‘Agreement (s)”), VAT may apply to any product/service we provide to you from 1 January 2018.

As we believe this will be fully enacted, we advise that VAT charges will be added to your invoice at a standard tax rate of 5% percent, in accordance with the Schedule of fees of our Terms of Agreement and applicable to all contracts.

The UAE Ministry of Finance published executive regulations in respect of VAT on 28th November 2017 which provided clarity with respect to how VAT will apply to financial services and these regulations are available on the MOF webpage.

For further information, please refer to the attached linked You should seek independent advice on VAT matters if you have any legal issues arising.

Morgan Gatsby, formerly known as Sidra Capital, is regulated by the Dubai Financial Services Authority (“DFSA”)

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